China scheduled to cut aluminum smelters output

China's aluminum smelters are scheduled to cut production by as much as 10% and limit output until the end of the year as a result of power shortages and weak export demands.

Deputy Chairman of China Nonferreus Mutual Industry Association, Wen Xiajun remarked, "Producers have exceeded reductions agreed last month and will extend the accord by three months." Aluminum is at the forefront of China's production cut to combat the sixth year of power shortages.

In addition, the price of aluminum has risen 0.9% to $2,925 a ton for the last three months trading at $2925 on the London Metal Exchange.--posted by Steve Jefferson.

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